About Kotak Mahindra Car Insurance
Kotak Mahindra is a popular general insurance company in the business. The company was incorporated in December 2014. However, Kotak received approval from the IRDA in April 2015. The company offers an array of non-life insurance products like car insurance, two-wheeler insurance, health insurance, and plenty more. Did you know that Kotak Insurance is a 100% subsidiary of Kotak Mahindra Bank Ltd? Well, the bank is a part of the Kotak Mahindra Group, headed by Uday Kotak. Banking operations kick-started long back in 2003.
Kotak Insurance aims at developing exclusively customized car insurance products paired with a cutting-edge digital infrastructure to provide customers with nothing but the best. The company has established its presence in 167 cities across the country. There are a total of 232 offices at present. Kotak General Insurance has crossed significant milestones since it was first incorporated. If you secure your vehicle with a Kotak car insurance policy, be assured that you are protected from all ends when you hit the roads.
Kotak Car Insurance
The Kotak General Insurance offers three types of car insurance plans namely third-party car insurance policy and comprehensive car insurance policy which protect the insured from third party liabilities as well as his or her car from financial losses and damages. Along with comprehensive car insurance policy, one can purchase add-on covers to ensure all-round safety when hitting the road. Some add-on covers provided by the general insurance company are zero depreciation, engine protection, consumables cover, return to invoice, roadside assistance cover, key replacement cover, tyre cover, personal belongings cover, and so on.
Besides car insurance plans and add-on cover, the insurer also offers personal accident cover in case you sustain any injury while driving, mounting into, dismounting from, or travelling as a co-driver in the insured car. However, this coverage can be extended to secure other passengers travelling in the car as well. The company tends to reward its policyholders based on their claim history, where it offers them No Claim Bonus (NCB) benefit for not making any claim in the policy year. This discount is applicable only on the premium of Own-Damage cover, which increases progressively with each claim-free year up to a maximum of 50%.
Significant Points of Kotak Car Insurance
Third Party Property Damage
Up to Rs. 7.5 Lakh
Own Damage Cover
Coverage for Own Car for Its Loss and Damage
Personal Accident Cover
Up to Rs. 15 Lakh
9 Add-on Covers
24/7 Claim Assistance
What is your car's brand?
Benefits of Kotak Car Insurance
- A wide network of 1,300+ garages
- 24x7 emergency assistance is offered
- Digitally enabled insurance solutions provided
- Allows policyholders to make unlimited claims
- Quick and hassle-free claim settlement guaranteed.
Kotak Mahindra Car Insurance Claim Process
Contact the insurerCall Kotak General Insurance on 1800-266-4545 and register your claim. You can visit the workshop and intimate your insurance company
Reach the workshopDrive your vehicle to the workshop or get the same towed
The Survey BeginsPost intimation, a surveyor is appointed. It may take up to 24-48 working hours
Documents Must Be PresentedThe policyholder must submit various documents to the insurance provider. These include Driving License, RC, Claim Intimation Form, Aadhar Card, Policy Copy, PAN Card and a Repair Estimate
The Survey Is Completed
Survey of a vehicle is completed within 24 to 48 working hours of claim intimation
Surveyor Makes the Call
Once a thorough survey of the car has been done, the surveyor either accepts the claim or rejects it. Repair-works commence after approval
Delivery Order is Given
After the repairs are complete, a final survey is done. Deliver order is issued next
Process of Non-Cashless Claims
Your insured vehicle undergoes repair-works. Initially, you must bear these expenses. The insurance company reimburses the agreed claim amount soon after
209 Kotak Cashless Garages in India
Kotak Car Insurance User Reviews
- Most Helpful
Kotak Mahindra Car Insurance FAQs
Can I avail the benefits of roadside assistance with Kotak car insurance?
Kotak Insurance provides prompt services for roadside assistance. Don’t panic when you are stranded in a deserted road. Call Kotak on 1800 266 4545 and request for help. Some of the services provided include:
- Battery jump start
- Towing of the car
- Emergency refueling
- Key replacement if you are locked out
- Minor repairs if needed
I have a car insurance policy with Kotak. What should I know about IDV?
IDV stands for the Insured Declared Value of a vehicle. It is the maximum sum assured decided by the insurer in circumstances of theft or total loss. Please Note: Costs of registration and insurance is not included when calculating the IDV of a vehicle. In short, final compensation is offered by an insurance company in situations of a total loss on the basis of IDV.
I wish to purchase motor insurance from Kotak. How long will my policy be valid?
While generally insurance plans are for a year, insurance companies have now come up with long-term plans. New car owners must insure their vehicles with a third party policy for at least 3 years
Third Party Policy by Kotak – what is the coverage offered?
Third party insurance is a basic policy. It covers:
- Damage to a third party property
- Disability or death due to accident
- Legal fees and lawsuits due to accidents
Does Kotak Car Insurance provide No Claim Bonus?
Yes, the company provides No Claim Bonus. NCB is provided when a customer does not make any claim during a policy period
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